PriceActionSpotter

PriceActionSpotter

NSE:SEAMECLTD broke out from a flag pole trend continuation pattern. A momentum trade can be taken with a 1:3 RRR. Targets: 1500/1600/1750+ sl below 1145

PriceActionSpotter

BSE:HINDALUMI broke out from a 2 year accumulation area formed after a strong downtrend of 80% The accumulation zone slightly resembles a head and shoulder reversal pattern. The accumulation zone is at the same price range of the previous accumulation zone from which price moved 200% Increasing volume in the accumulation zone prior to breakout shows increasing...

PriceActionSpotter

NSE:JAMNAAUTO is consolidating in a rising channel pattern. I had posted about this scrip before a potential breakout, but it took one more rejection at the top and now price made a green candle at the channel support. Entry at this price could be a golden opportunity to go long and aim for 1:2 and if price breaks out, a potential 1:10 trade! Place a tight stop...

PriceActionSpotter

NSE:VEDL broke out from a symmetrical triangle pattern after consolidating in it for 4 months. Bullish signs: Good breakout volume. Very few wide range red candles inside the pattern. Recent support from 30 week EMA. Strong demand at the trendline indicates the possibility of price going higher. Scrip has already given a 140% returns in the last year. Wick on...

PriceActionSpotter

NSE:HSCL Broke out from a bottom consolidation region of 2 years after a sharp downtrend of 70% The consolidation is the pink rectangle on the chart. Other bullish signs are exponential volume growth leading to the breakout and the price being above 30 week EMA. A long term positional bet can be taken in this scrip for the next 6-12 months and beyond. Has...

PriceActionSpotter

NSE:INDUSINDBK has corrected 33% from all time high. Price made a double bottom pattern from which it broke out. The double bottom was also formed at a price range where the stock already took 3 supports. Indusind also came out with good results. It is good buy at this price for long term as well. Enter 20% position after break of yesterday's high. Expect some...

PriceActionSpotter Updated 

NSE:TECHM hit a fresh all time high when the overall market is very weak. It gave a breakout from a rising wedge pattern. Look to enter at CMP if it breaks the day's high. Enter with rest of the position once stock retraces. Possibility of a fakeout is very high but the IT sector is the only sector outperforming in Indian markets. Stock is also good for long...

PriceActionSpotter Updated 

BSE:RACLGEAR has a good price action structure. Much of the analysis done on chart. Targets- 800/860/900+ Sl: below 620 Position size accordingly. HAPPY TRADING!

PriceActionSpotter Updated 

NSE:RADICO broke out from a bullish flag pattern and retraced back to the breakout price. Price also stands near a resistance turned support. (Rectangle area) Enter entire position at C.M.P, Targets: 1300/1450/1500 sl- below 1150 NOTE: low risk high reward trades have a lower hit rate. Position size accordingly. HAPPY TRADING!

PriceActionSpotter Updated 

NSE:ORIENTBELL Broke out of an ascending triangle pattern. Breakout candle is excellent - Gap up and huge volumes. Price is also above its all time high. A price action trade can be taken in this script with conservative buying and position sizing because of weak markets. Enter 10% of position at C.M.P and the rest after retrace. Expect bigger momentum if the...

PriceActionSpotter

NSE:GUFICBIO Broke out of rectangle consolidation pattern and now price gave retest + confirmation. Bullish signs- Big volumes on breakout and on the buy side. Price entered virgin territory with this consolidation and breakout. Recent support from 30 week MA. Low volume red candles. Pattern is of a bullish flag type. Stock has already delivered multibagger...

PriceActionSpotter

NSE:AFFLE broke out of a cup and handle pattern and gave a retest. Price made a green candle and is back to breakout levels. Bullish signs: Strong uptrend before this consolidation. Recent support from 30 week EMA Heavy volumes on buy side. Red candles are of low volumes. Hit all time high on breakout. One can enter entire position at break of yesterday's high....

PriceActionSpotter

NSE:GATI broke out of an ascending triangle and gave retest 2 times. Breakout volumes and volumes on the buy side are significantly more than the selling/retracement candles. A trade can be taken after price crosses and sustains 220 levels. Targets: 250/300 Place a deeper sl below 185 1:2 RR, high probability trade. Position size accordingly. HAPPY TRADING!

PriceActionSpotter

NSE:HDFCBANK has corrected around 15% from its all time high and price is currently at an important support trendline. Price opened gap down but still made green candle in the last 2 trading sessions - showing demand as price approaches the trendline. A 1:5 trade can be taken with a very tight stoploss. It is important to note that script is very weak and...

PriceActionSpotter

NSE:INFOBEAN broke out from an ascending triangle (cup and handle) consolidation pattern and gave a retest after a very bullish uptrend, suggesting a trend continuation. Breakout volumes are very high, hitting fresh all time highs. One can enter entire position after price crosses and sustains the psychological 600 levels and hold for 1000 targets. Shown setup...

PriceActionSpotter Updated 

Price of NSE:BDL formed a green candle at its trendline support from which it can bounce back to the upper channel. Price has been consolidating for quite some time in this channel pattern. A low risk setup presents itself at C.M.P. Stop loss and target marked on the chart. Low risk high reward setup(in case price breaks out of the channel). Hold in case of a...

PriceActionSpotter Updated 

NSE:PFS has a good price action structure. It was consolidating in a bullish ascending triangle pattern from which it broke out and gave huge momentum. Volumes are the highest since 52 weeks. A good sign of strength. Similar to Adani green, I expect some sort of retrace in the coming days to make a fresh entry. Stop loss placed below the recent swing low for...

PriceActionSpotter

NSE:POWERINDIA Broke out of an ascending channel pattern. Price gave excellent momentum during breakout but it witnessed heavy selling pressure during market hours. As a result, price left huge wick behind. Script should consolidate for some days before the next momentum candle because of the huge rejection at higher levels. Track closely. Consider entering...